Greensburg VA Loan Rates, Closing Costs & Stats

Greensburg, IN

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Greensburg's 12 lenders originated 21 VA loans during 2023. The total origination value was $4,495,000, with an average VA loan value of $214,048.

    Greensburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greensburg averaged 6.62% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Greensburg's average VA mortgage closing costs are $4,479.

    The average rate for the prior week (2024-11-01) was 6.88% and one month ago for the week of 2024-10-04, the average rate was 6.01%.

    The average rate one year ago was 7.66%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Greensburg VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Greensburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.69% $4,039
    LOANDEPOT.COM, LLC 2 6.99% $6,161
    German American Bank 2 6.75% $4,890
    NEWREZ LLC 1 7.25% $2,504
    QUICKEN LOANS, LLC 1 5.63% $14,700
    RUOFF MORTGAGE COMPANY, INC. 1 6.63% $3,892
    The Federal Savings Bank 1 6.63% $18,110
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $15,984
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $2,024
    USAA Federal Savings Bank 1 7.00% $13,215
    FIRST COMMUNITY MORTGAGE, INC. 1 7.25% $2,112
    MOVEMENT MORTGAGE, LLC 1 6.25% $3,014

    The top Greensburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $4,039, which is $2,123 lower than the next largest lender, LOANDEPOT.COM, LLC.

    The lowest fee Greensburg VA lenders (with over 10 loans originated) are .

    The lowest rate Greensburg VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $123,325 (-12.6%) $160,337 (-9.7%) 0.00 76
    2018-02-01 $119,050 (-22.8%) $153,222 (-20.6%) 0.00 75
    2018-03-01 $129,500 (-16.1%) $154,470 (-22.9%) 0.00 62
    2018-04-01 $131,338 (-14.8%) $157,768 (-20.1%) 0.00 68
    2018-05-01 $134,675 (-7.8%) $162,248 (-18.7%) 0.00 67
    2018-06-01 $142,450 (-9.8%) $175,669 (-12.9%) 0.00 79
    2018-07-01 $149,650 (0.1%) $178,859 (-9.1%) 0.00 79
    2018-08-01 $149,900 (10.1%) $189,080 (-0.6%) 0.00 81
    2018-09-01 $145,000 (11.8%) $180,054 (7.5%) 0.00 90
    2018-10-01 $140,950 (9.6%) $180,496 (4.5%) 0.00 89
    2018-11-01 $147,100 (13.8%) $190,634 (11.6%) 0.00 81
    2018-12-01 $149,900 (12.0%) $201,766 (20.5%) 0.00 73
    2019-01-01 $161,150 (30.7%) $198,364 (23.7%) 0.00 69
    2019-02-01 $161,675 (35.8%) $195,092 (27.3%) 0.00 62
    2019-03-01 $159,900 (23.5%) $197,421 (27.8%) 0.00 64
    2019-04-01 $177,400 (35.1%) $213,681 (35.4%) 0.00 64
    2019-05-01 $197,250 (46.5%) $238,119 (46.8%) 0.00 63
    2019-06-01 $183,500 (28.8%) $240,366 (36.8%) 0.00 76
    2019-07-01 $182,175 (21.7%) $254,502 (42.3%) 0.00 80
    2019-08-01 $178,118 (18.8%) $244,499 (29.3%) 0.00 86
    2019-09-01 $184,745 (27.4%) $246,957 (37.2%) 0.00 84
    2019-10-01 $186,214 (32.1%) $246,544 (36.6%) 0.00 83
    2019-11-01 $166,200 (13.0%) $210,738 (10.6%) 0.00 79
    2019-12-01 $168,550 (12.4%) $221,150 (9.6%) 0.00 62
    2020-01-01 $144,200 (-10.5%) $222,465 (12.2%) 0.00 55
    2020-02-01 $169,900 (5.1%) $230,033 (17.9%) 0.00 50
    2020-03-01 $169,900 (6.3%) $241,022 (22.1%) 0.00 39
    2020-04-01 $159,450 (-10.1%) $227,709 (6.6%) 0.00 38
    2020-05-01 $169,900 (-13.9%) $222,789 (-6.4%) 0.00 37
    2020-06-01 $179,900 (-2.0%) $242,756 (1.0%) 0.00 31
    2020-07-01 $183,450 (0.7%) $249,909 (-1.8%) 0.00 27
    2020-08-01 $182,450 (2.4%) $248,132 (1.5%) 0.00 32
    2020-09-01 $154,450 (-16.4%) $202,195 (-18.1%) 0.00 34
    2020-10-01 $165,000 (-11.4%) $206,854 (-16.1%) 0.00 42
    2020-11-01 $174,900 (5.2%) $214,942 (2.0%) 0.00 40
    2020-12-01 $178,700 (6.0%) $233,740 (5.7%) 0.00 35
    2021-01-01 $188,400 (30.7%) $266,121 (19.6%) 0.00 30
    2021-02-01 $166,950 (-1.7%) $256,794 (11.6%) 0.00 25
    2021-03-01 $187,900 (10.6%) $286,578 (18.9%) 0.00 18
    2021-04-01 $202,625 (27.1%) $284,767 (25.1%) 0.00 22
    2021-05-01 $229,900 (35.3%) $279,719 (25.6%) 0.00 23
    2021-06-01 $209,075 (16.2%) $251,977 (3.8%) 0.00 28
    2021-07-01 $209,900 (14.4%) $265,082 (6.1%) 0.00 31
    2021-08-01 $193,725 (6.2%) $260,130 (4.8%) 0.00 34
    2021-09-01 $189,500 (22.7%) $274,054 (35.5%) 0.00 46
    2021-10-01 $189,900 (15.1%) $276,536 (33.7%) 0.00 49
    2021-11-01 $224,925 (28.6%) $296,614 (38.0%) 0.00 51
    2021-12-01 $223,450 (25.0%) $298,572 (27.7%) 0.00 45
    2022-01-01 $184,450 (-2.1%) $271,254 (1.9%) 0.00 37
    2022-02-01 $171,125 (2.5%) $290,221 (13.0%) 0.00 31
    2022-03-01 $229,950 (22.4%) $331,246 (15.6%) 0.00 29
    2022-04-01 $211,200 (4.2%) $315,196 (10.7%) 0.00 28
    2022-05-01 $194,850 (-15.3%) $308,334 (10.2%) 0.00 26
    2022-06-01 $174,950 (-16.3%) $292,243 (16.0%) 0.00 41
    2022-07-01 $195,000 (-7.1%) $321,826 (21.4%) 0.00 46
    2022-08-01 $199,875 (3.2%) $299,143 (15.0%) 0.00 53
    2022-09-01 $195,000 (2.9%) $270,756 (-1.2%) 0.00 45
    2022-10-01 $212,500 (11.9%) $268,375 (-3.0%) 0.00 48
    2022-11-01 $189,900 (-15.6%) $268,170 (-9.6%) 0.00 42
    2022-12-01 $210,000 (-6.0%) $284,176 (-4.8%) 0.00 37
    2023-01-01 $189,700 (2.9%) $277,629 (2.4%) 0.00 34
    2023-02-01 $190,975 (11.6%) $283,557 (-2.3%) 0.00 26
    2023-03-01 $230,400 (0.2%) $303,239 (-8.5%) 0.00 22
    2023-04-01 $239,900 (13.6%) $325,504 (3.3%) 0.00 26
    2023-05-01 $224,900 (15.4%) $325,730 (5.6%) 0.00 30
    2023-06-01 $273,075 (56.1%) $331,413 (13.4%) 0.00 33
    2023-07-01 $285,000 (46.2%) $315,002 (-2.1%) 0.00 41
    2023-08-01 $262,350 (31.3%) $293,614 (-1.9%) 0.00 54
    2023-09-01 $239,900 (23.0%) $260,165 (-3.9%) 0.00 56
    2023-10-01 $241,100 (13.5%) $259,732 (-3.2%) 0.00 52
    2023-11-01 $257,450 (35.6%) $279,165 (4.1%) 0.00 41
    2023-12-01 $239,500 (14.1%) $268,101 (-5.7%) 0.00 35
    2024-01-01 $237,625 (25.3%) $272,776 (-1.8%) 0.00 35
    2024-02-01 $234,875 (23.0%) $308,234 (8.7%) 0.00 34
    2024-03-01 $246,900 (7.2%) $348,210 (14.8%) 0.00 35
    2024-04-01 $278,725 (16.2%) $354,201 (8.8%) 0.00 38
    2024-05-01 $337,250 (50.0%) $399,853 (22.8%) 0.00 35
    2024-06-01 $299,000 (9.5%) $376,500 (13.6%) 0.00 37
    2024-07-01 $293,700 (3.1%) $350,873 (11.4%) 0.00 50
    2024-08-01 $284,000 (8.3%) $321,166 (9.4%) 0.00 47
    2024-09-01 $281,950 (17.5%) $337,670 (29.8%) 0.00 54
    2024-10-01 $308,450 (27.9%) $345,944 (33.2%) 0.00 53
    Greensburg's median listing price for 2024-10-01 was $308,450, a difference of $67,350 (27.9%) versus the prior year and $26,500 versus the prior month.

    Greensburg's median listing price comes in at 0% of the national average.

    Greensburg's average listing price for 2024-10-01 was $345,944, a difference of $86,212 (33.2%) versus the prior year and $8,274 versus the prior month.

    For the 2024-10-01 period, Greensburg had 53 MLS listings, a difference of -1 listings (-2%) versus the prior month and 1 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,767 sqft
    2018-02-01 0 days 1,786 sqft
    2018-03-01 0 days 1,795 sqft
    2018-04-01 0 days 1,757 sqft
    2018-05-01 0 days 1,810 sqft
    2018-06-01 0 days 1,881 sqft
    2018-07-01 0 days 1,891 sqft
    2018-08-01 0 days 1,888 sqft
    2018-09-01 0 days 1,756 sqft
    2018-10-01 0 days 1,740 sqft
    2018-11-01 0 days 1,779 sqft
    2018-12-01 0 days 1,831 sqft
    2019-01-01 0 days 1,845 sqft
    2019-02-01 0 days 1,845 sqft
    2019-03-01 0 days 1,802 sqft
    2019-04-01 0 days 1,871 sqft
    2019-05-01 0 days 2,122 sqft
    2019-06-01 0 days 1,972 sqft
    2019-07-01 0 days 1,986 sqft
    2019-08-01 0 days 1,949 sqft
    2019-09-01 0 days 2,000 sqft
    2019-10-01 0 days 2,057 sqft
    2019-11-01 0 days 1,662 sqft
    2019-12-01 0 days 1,646 sqft
    2020-01-01 0 days 1,632 sqft
    2020-02-01 0 days 1,791 sqft
    2020-03-01 0 days 1,806 sqft
    2020-04-01 0 days 1,662 sqft
    2020-05-01 0 days 1,834 sqft
    2020-06-01 0 days 2,061 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,199 sqft
    2020-09-01 0 days 1,767 sqft
    2020-10-01 0 days 2,017 sqft
    2020-11-01 0 days 1,916 sqft
    2020-12-01 0 days 2,087 sqft
    2021-01-01 0 days 2,400 sqft
    2021-02-01 0 days 2,169 sqft
    2021-03-01 0 days 2,451 sqft
    2021-04-01 0 days 2,270 sqft
    2021-05-01 0 days 2,425 sqft
    2021-06-01 0 days 2,031 sqft
    2021-07-01 0 days 1,940 sqft
    2021-08-01 0 days 1,920 sqft
    2021-09-01 0 days 1,867 sqft
    2021-10-01 0 days 1,914 sqft
    2021-11-01 0 days 2,084 sqft
    2021-12-01 0 days 2,058 sqft
    2022-01-01 0 days 1,941 sqft
    2022-02-01 0 days 1,772 sqft
    2022-03-01 0 days 2,090 sqft
    2022-04-01 0 days 1,940 sqft
    2022-05-01 0 days 1,840 sqft
    2022-06-01 0 days 1,851 sqft
    2022-07-01 0 days 1,904 sqft
    2022-08-01 0 days 1,912 sqft
    2022-09-01 0 days 1,902 sqft
    2022-10-01 0 days 1,777 sqft
    2022-11-01 0 days 1,667 sqft
    2022-12-01 0 days 1,819 sqft
    2023-01-01 0 days 1,692 sqft
    2023-02-01 0 days 1,707 sqft
    2023-03-01 0 days 1,556 sqft
    2023-04-01 0 days 1,714 sqft
    2023-05-01 0 days 1,551 sqft
    2023-06-01 0 days 1,958 sqft
    2023-07-01 0 days 1,953 sqft
    2023-08-01 0 days 2,047 sqft
    2023-09-01 0 days 2,130 sqft
    2023-10-01 0 days 2,096 sqft
    2023-11-01 0 days 2,132 sqft
    2023-12-01 0 days 1,855 sqft
    2024-01-01 0 days 1,678 sqft
    2024-02-01 0 days 1,744 sqft
    2024-03-01 0 days 1,816 sqft
    2024-04-01 0 days 1,832 sqft
    2024-05-01 0 days 2,346 sqft
    2024-06-01 0 days 2,172 sqft
    2024-07-01 0 days 2,079 sqft
    2024-08-01 0 days 2,081 sqft
    2024-09-01 0 days 2,079 sqft
    2024-10-01 0 days 1,994 sqft
    Greensburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Greensburg's median square footage for active listings during the 2024-10-01 period was 1,994 sqft. One year prior, the average listing was 2,096 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.